Downtown
& Oliver condo prices and inventory are slightly down in December of 2013,
while number of sales and average days on market are up!
33 condos have sold on the MLS® in Oliver and Downtown area in December of 2013, 1 more than last month and 11 more than in December of 2012. The selling price ranged from $120,000, 890 sq.ft. condo in Seasons on the Park, to $950,000, 1,851 sq.ft penthouse in the Icon II high rise.
The average selling price was down by 6.5% from last month and 5% up from December of 2012. The price per square foot was up by $1 to $297. The inventory has decreased from 197 to 153 condos available. The average selling price was $284,022 and average list price $294,796 and $309 per sq ft. Current days-on-market are 57 days while sold-to-list price ratio remained same at 96%.
The current absorption rate for Downtown and Oliver condos as of today stands at 4.6 months.
33 condos have sold on the MLS® in Oliver and Downtown area in December of 2013, 1 more than last month and 11 more than in December of 2012. The selling price ranged from $120,000, 890 sq.ft. condo in Seasons on the Park, to $950,000, 1,851 sq.ft penthouse in the Icon II high rise.
The average selling price was down by 6.5% from last month and 5% up from December of 2012. The price per square foot was up by $1 to $297. The inventory has decreased from 197 to 153 condos available. The average selling price was $284,022 and average list price $294,796 and $309 per sq ft. Current days-on-market are 57 days while sold-to-list price ratio remained same at 96%.
The current absorption rate for Downtown and Oliver condos as of today stands at 4.6 months.
